- SteelMint’s domestic stainless steel scrap (304 grade) price assessment increased today to INR 136,000/t ($1,651/t) ex-Delhi, up INR 2,000/t ($24/t) from 6 Dec on rising molybedenum and nickel prices. At the time of reporting, LME Ni prices rose by $4,450/t w-o-w to $31,441/t.
- Imported deals of Europe-origin (316 scrap) heard in the market in the range of $2,770/t- $2,780/t CFR Mundra.
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